Mastercard and Visa card cash transactions (CTX) for credit and debit cards in the U.S. declined by 7.1% year-on-year (YOY) in the first-quarter (1Q/19) compared to a 2.3% YOY decline in the fourth-quarter. The decline was across-the-board for both Visa and Mastercard U.S. payment card CTX on a YOY basis and on a CAGR basis.…
Open card accounts in the U.S. for the Big 6 issuers grew by 10 million in 2018. Over the past five years, gross open accounts (GAC) for U.S. credit cards among the nation’s six largest issuers expanded by 43.4 million. In the first-quarter (1Q/19) the year-on-year (YOY) gain in GAC was 3.6%. At the end…
Mastercard international debit GTX (gross transactions) soared as Visa and Mastercard GTX for credit and debit cards jumped 11.1% year-on-year (YOY) in the first-quarter (1Q/19) compared to a 18.6% YOY increase in the fourth-quarter. The international debit card transactions market remains hot with a CAGR (compound annual growth rate) above 28%. International payment card gross…
Big 6 card issuers grew 4.0% year-on-year (YOY) at the end of the first-quarter (1Q/19) bring U.S. credit cards to 350.0 million. Since the first-quarter of 2018, the nation’s largest issuers have added 13.5 million cards-in-force (CIF). In the prior quarter total CIF stood at 345.7 million. The Big 6: Chase [JPM], Capital One [COF],…
U.S. card cash volume for Visa and Mastercard payment cards (credit + debit) in the first-quarter (1Q/19) was flat YOY (year-on-year), up a mere 50 bps (basis points). Visa debit cards increased slight in CDV (cash dollar volume). Visa and Mastercard reported $200 billion in 1Q/19 U.S. CDV for payment cards, compared to $200 billion…
Credit card GDV (gross dollar volume) among the Big 6 U.S. bank card issuers, rose an estimated 8.0% year-on-year (YOY) in the first-quarter (1Q/19), compared to a 10.5% YOY gain for 1Q/18; 10.0% YOY increase in 1Q/17; and a 5.9% YOY gain for 1Q/16. Chase led the peer group with a YOY gain nearing 10%…
International card PTX (payment transactions) for Visa and Mastercard credit/charge and debit/prepaid cards grew by 12.5% year-on-year (YOY) in the first-quarter (1Q/19), compared to 21.5% YOY for 1Q/18. International PTX for credit/charge cards increased 3.2% YOY in the first-quarter of 2019, compared to 20.4% YOY for the prior year. International PTX for debit cards rose…
Second-quarter 90+ card delinquency declined for three top credit card issuers reporting thus far. Chase dropped 10 bps (basis points), Bank of America declined 8 bps and Citibank slipped 7 bps in the second-quarter (2Q/19) compared to the prior quarter for late stage (90+ days) delinquency. Historically, delinquency ratios decline in the second-quarter as the…
International payment cards for Visa and Mastercard grew at a softer pace in the first-quarter. However, international debit and prepaid cards are growing a twice the pace of international credit and charge cards since 2015. Visa [V] and Mastercard [MA] international payment CIF (cards-in-force) increased 6.5% YOY (year-on-year) in the first-quarter (1Q/19), compared to a…
U.S. card loan growth among the Big 6 credit card issuers increased 3.5% in the first-quarter (1Q/19) year-on-year (YOY), compared to a 8.0% YOY for the year ago quarter. Early results for the second-quarter reveal Chase U.S. credit card outstandings grew 8.5% YOY, Citibank is up 2.8% YOY, and Bank of America was flat (+0.7%).…
International card purchases for Visa and Mastercard jumped 10.5% YOY (year-on-year) in the first-quarter on an FX (currency adjusted) basis. International credit and charge card PDV (Purchase Dollar Volume) increased 7.8% YOY FX, while international debit and prepaid card PDV soared 14.6% YOY FX, according to figures gathered by CardData. Mastercard is growing 210 bps…
Second-quarter card delinquency, as projected, will rise moderately among the nation’s Big 6 credit card issuers. Early results show the second-quarter (2Q/19) 30-day delinquency ratio for Chase at 1.71%, a 14 basis points (bps) decline from the prior quarter, but up 14 bps for Citibank to 1.66%. Early stage delinquency (30+ days) among the nation’s…